Project Profile
Value: Undisclosed
Location: Between Murdochville and Grande Vallée, Canada
Oil reserves: Unknown
Depth: 2,850 to 3,200 metres
Bourque Reef Complex is an oil formation in Canada, North America and is located between the towns of Murdochville and Grande Vallée. Pétrolia obtained from the Ministry of Natural Resources and Wildlife two new drilling permits in Gaspesia in May 2012. The two wells target conventional prospects of the Bourque reef complex. Well Bourque 1, which will reach the depth or 10,499 feet (3,200 metres), will penetrate the reef structure in order to verify its oil potential.
On the other hand, well Bourque 2, located 1.2 miles (2 kilometres) from the previous well, will reach a depth of 9,350 feet (2,850 metres) and aims to evaluate the oil potential of a Pinnacle type target. Both targets have been located on the basis of a 3D seismic survey. A 3-D seismic survey conducted by Pétrolia in 2008 clearly demonstrated the possibility of the presence of a reef complex in the West Point Formation, which is older than the York River Formation. Located approximately 70 km west of the town of Gaspé, this reef complex is reminiscent of the Leduc reefs in Alberta in which giant fields have been discovered—a turning point in that province’s oil exploration. The company had an agreement with Pilatus Energy to drill the structure in 2009.
Operators:
Pétrolia: Operator with 95% interest
Pilatus: 5% interest
Contractors:
Precision Drilling: Drilling contractor